The average cost of childcare is more than what British parents spend on food and drink each year, according to a report. But what happens when you can’t maintain them? Read more.
According to research by the Family and Childcare Trust, British parents pay an average of£116 per week for a part-time nursery place.*
That equates to over £6,000 per year which is more – according to the research – than what families spend on food and drink over a year.
Although the report calls for UK governments to ‘commit to making sure that every parent will be better off working after childcare costs’, it doesn’t address what would happen to those childcare costs if parents couldn’t work.
Just imagine being struck off work due to an accident or severe bout of illness and your income came to a grinding halt.
That’s something no parent or family should suffer, particularly those with young children.
If you had an accident or illness keeping you off work, and it stopped your income, then maintaining childcare costs would be a cause for concern.
You might have to delve into your savings to pay for additional nursery care, or even a childminder or nanny if your injury or sickness prevented you from looking after your children.
That’s where the APRIL UK Lifestyle Protector Plan could prove invaluable.
The APRIL UK Lifestyle Protector is an ideal protection plan that helps to keep your family safe during times of hardship.
It pays you a monthly lump sum if you are unable to work due to accident or sickness. You could use the benefit to keep food on the table, pay your household bills and, perhaps most importantly, to cover the cost of your childcare. In a few words; it’s invaluable protection for you and your family.
What’s more, premiums start from as little as £1.63** per week. This means that it doesn’t break the bank, yet still provides you with invaluable peace of mind.
Call us on 0800 046 9781 to find out more, or get an instant online quote today.
*Childcare Survey 2017, Family and Childcare Trust.
** Based on £300 monthly benefit plan, 30-day deferred period, and 12-month benefit period for an individual aged 18-30.
The Monthly Cost of Short-Term Income Protection for every £100 of Monthly Benefit starts from £2.35. There are other providers of
Short-Term Income Protection and other products designed to protect you against loss of income. For impartial information about insurance, please visit the website at https://www.moneyadviceservice.org.uk/en